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Capital Reconstruction
On 30 May 2012 the Company’s shareholders approved a motion to consolidate the Company’s issued capital. That decision has
resulted in the Company’s securities being consolidated, in the case of all shares and options, on the basis of one new share for every
twenty five pre consolidation shares.
Following reconstruction on a 25 to 1 basis the issued share capital of the Company will be as follows:
• 76,691,058 Ordinary Fully Paid Shares.
• 3,884,096 Options with an exercise price of $0.25 per share and expiring on 30/11/2013.
• 400,000 partly paid shares (unquoted) paid to 2.5 cents payable to $2.50.